South Tally Pond
Location: Newfoundland, Canada
Ownership: 100% Paragon Minerals Corporation (a 100%-owned subsidiary of Canadian Zinc)
Target: Precious metal-rich Volcanogenic Massive Sulphide (VMS) Deposits (Cu, Pb, Zn, Ag, Au)
Highlights
- Large, 100%-controlled land position located adjacent to the producing Duck Pond Cu-Zn Mine (Teck Resources Ltd.)
- Highly prospective, producing volcanic belt with numerous, underexplored Cu-Pb-Zn-Ag-Au VMS targets.
- 74 drillholes totalling 24,277 metres completed at Lemarchant prospect;
- Significant precious metal-rich base metal drill intercepts include:
- 1.65% Cu, 12.74% Zn, 3.27% Pb, 185.75 g/t Ag and 10.13 g/t Au over 7.0 metres
- 1.61% Cu, 11.83% Zn, 3.27% Pb, 528.31 g/t Ag and 3.13 g/t Au over 10.3 metres
- 1.40% Cu, 14.80% Zn, 3.56% Pb, 80.90 g/t Ag and 1.35 g/t Au over 17.05 metres
- Initial NI43-101 Mineral Resource Estimate completed on the Lemarchant “Main Zone” in January 2012.
- Lemarchant Deposit is defined to 210 metres depth and remains open along strike and to depth.
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Resource Estimate using 7.5% Zinc Equivalent (ZnEQ) grade cut-off
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Category
|
Tonnes
|
Zinc
(%) |
Copper
(%) |
Lead
(%) |
Gold
(g/t) |
Silver
(g/t) |
ZnEQ
(%) |
|
Inferred
|
1,240,000
|
5.38
|
0.58
|
1.19
|
1.01
|
59.17
|
15.40
|
|
Indicated
|
1,340,000
|
3.70
|
0.41
|
0.86
|
1.00
|
50.41
|
11.97
|